💀 TUT just crashed -39.27% in a single day. $69.9M in volume. Someone's portfolio just got obliterated.
Let's break down the wreckage:
Price collapsed from ~$0.08 to $0.0486. The 4H RSI sits at 48 — neutral territory, meaning the selling already exhausted a lot of its energy. But here's the catch: SMA7 ($0.0495) is now ABOVE price, acting as immediate resistance. Longs trapped above are adding overhead supply every tick.
🧠 Why This Is Interesting:
After a -39% dump, mean reversion bounces of 10-20% are common as shorts cover and bottom-fishers step in. But this is HIGH RISK — catching falling knives requires small size and iron discipline.
🎯 Trade Plan:
Entry: $0.0431 — $0.0541 (wide range due to extreme volatility)
Stop Loss: $0.0344 (below the low — hard stop, no negotiation)
TP1: $0.0506 | TP2: $0.0525 | TP3: $0.0545
This is a volatility play, not a conviction trade. Size accordingly.
Would you dare catch this knife? Or are you watching from the sidelines? 🍿
#TUT #CryptoTrading #DYOR
⚠️ Not financial advice. Extremely volatile asset. Only risk what you can afford to lose completely.
Let's break down the wreckage:
Price collapsed from ~$0.08 to $0.0486. The 4H RSI sits at 48 — neutral territory, meaning the selling already exhausted a lot of its energy. But here's the catch: SMA7 ($0.0495) is now ABOVE price, acting as immediate resistance. Longs trapped above are adding overhead supply every tick.
🧠 Why This Is Interesting:
After a -39% dump, mean reversion bounces of 10-20% are common as shorts cover and bottom-fishers step in. But this is HIGH RISK — catching falling knives requires small size and iron discipline.
🎯 Trade Plan:
Entry: $0.0431 — $0.0541 (wide range due to extreme volatility)
Stop Loss: $0.0344 (below the low — hard stop, no negotiation)
TP1: $0.0506 | TP2: $0.0525 | TP3: $0.0545
This is a volatility play, not a conviction trade. Size accordingly.
Would you dare catch this knife? Or are you watching from the sidelines? 🍿
#TUT #CryptoTrading #DYOR
⚠️ Not financial advice. Extremely volatile asset. Only risk what you can afford to lose completely.